1-Click Forex Trading System
Trading System Name: Trader On Chart
System Type: MT4 Automation Software
Delivery: 1-Click Manual Trading (Forex, CFDs, Metals, etc)
Price: 59 Euro (one-time purchase)
Trader-On-Chart Review -Basic Information
Trader-On-Chart is a software application that plugs into the MetaTrader4 platform to provide traders with some unique features. The software aims to offer important facilities for all MT4 manual traders. Trader-On-Chart can be used in every broker account (ECN, STP, or Dealing Desk) and in every financial instrument offered via MetaTrader4 (All Forex currencies, CFDs, Futures, Metals, etc). The application is very effective as it concerns Money Management Automation. By using Trader-On-Chart you may easily execute trades according to your exact desired risk exposure, lot size, etc. Accuracy and fast calculation make Trader-On-Chart a good choice for day/intraday traders. The application offers a lifetime license and 1-year free updates.
Foreign Exchange is the largest financial market in the world with a daily volume of more than $5 trillion.
The Forex market operates as a decentralized network where institutions and common traders can carry out their foreign exchange transactions. There are many different categories of participants including banks, commercial corporations, investment firms, retail traders, and of course hundreds of Forex Brokers.
These are the key players in the Foreign Exchange market:
■ Interbank Participants
The interbank market is the leading power in terms of currency trading volumes. Banks of all types and sizes trade currencies through the ECN (Electronic Communication Network). Large European Banks account for a large percentage of total currency volumes. The leading private banks in the Forex market include Deutsche Bank, UBS, and Barclays.
Reuters recently reported that the Forex market sees over $5.1 trillion worth of currency trades every day. All the world’s equity markets combined don't even come close to this figure. The trading of big amounts of money every day is one of the major reasons why some people opt to become Forex brokers, including experienced traders.
Of course, like in any other career, you need hard work and discipline to become a successful Forex broker. Those who succeed can make a healthy living through trading, but an added benefit of becoming a successful broker is networking with other traders who can assist you in forming a money management fund in the future.
Understanding the Forex Market
Before you can become a successful broker, you need to have a good understanding of the Forex market. Make sure you fully understand the underlying principles behind currency pairings and different sub-disciplines that play a role in the field, such as technical analysis and macroeconomics. Be on the lookout for new jargon, pricing, orders, and anything else that can help you give sound advice to your clients.
That being said, don’t just rely on your research. One of the most effective ways to learn about the Forex market is to talk to practicing or retired brokers. They will be able to give you practical advice that you will not be able to find in books. If you can't find any practicing or retired Forex brokers, search for online discussion groups.
IG.com RATING -Powered by the Rating Formula V.4.0.
The following Rating of IG.com is based on the Forex Brokers Formula v.4.0.
IG.com Rating Summary
The sum of each Main Factor of IG.com Rating Analysis (1, 2, 3, 4)
|1. Safety of Funds
|2. IG.com Cost of Transaction
|3. IG.com Trading-Options
|4. IG.com Technological Efficiency
FxPros.net -Forex Trading Glossary (A-Z)
What is ADX (Average Directional Index)?
ADX is a technical analysis indicator measuring the strength of a trend.
What is the Appreciation of a Currency?
A currency is appreciated when it earns value against another currency. This may be due to fiscal or monetary developments or simply due to market psychology. A monetary policy aiming for domestic currency appreciation is called a “Hard-Currency Policy”. The opposite situation is called currency depreciation.
Basic Trading Tips (Forex Beginners)
Forex trading is a highly complicated game, these are some simple trading tips from FxPros.net.
Forex Trading Tip 1: “Know what you are trading”
The market behavior of all Forex pairs is not the same. Some currency pairs are much more volatile, and trend very aggressively, compared to others. Furthermore, currency pairs trade within specific seasonal patterns. For example, during April, the British Pound against the US Dollar tends to appreciate more than 80% of all time. » When to trade Forex
Table: Forex Currency Pairs & Volatility
HIGH VOLATILITY PAIRS
MEDIUM VOLATILITY PAIRS
LOW VOLATILITY PAIRS